Short Interest in National Bank Holdings Co. (NYSE:NBHC) Expands By 27.9%

National Bank Holdings Co. (NYSE:NBHC) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 718,700 shares, a growth of 27.9% from the May 31st total of 561,800 shares. Based on an average daily volume of 195,500 shares, the short-interest ratio is currently 3.7 days.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Hovde Group dropped their target price on shares of National Bank from $45.00 to $40.50 and set an “outperform” rating for the company in a report on Monday, April 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $39.00 price target (down previously from $40.00) on shares of National Bank in a research report on Friday, April 26th. StockNews.com raised shares of National Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th. Finally, TheStreet cut shares of National Bank from a “b” rating to a “c+” rating in a research report on Monday, March 18th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $38.63.

National Bank Price Performance

National Bank stock opened at $39.40 on Tuesday. The stock has a market cap of $1.49 billion, a P/E ratio of 11.32 and a beta of 0.86. The company has a fifty day simple moving average of $36.08 and a 200-day simple moving average of $35.34. National Bank has a 12-month low of $28.38 and a 12-month high of $39.67. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.04.

National Bank (NYSE:NBHC) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. National Bank had a net margin of 22.94% and a return on equity of 11.20%. The business had revenue of $149.43 million during the quarter, compared to analysts’ expectations of $101.98 million. During the same period in the previous year, the company earned $1.06 EPS. Equities analysts expect that National Bank will post 3.08 EPS for the current fiscal year.

National Bank Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $0.28 per share. This is a positive change from National Bank’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 2.84%. The ex-dividend date was Friday, May 31st. National Bank’s dividend payout ratio (DPR) is currently 32.18%.

Institutional Investors Weigh In On National Bank

Several hedge funds and other institutional investors have recently bought and sold shares of NBHC. Deutsche Bank AG increased its stake in National Bank by 16.5% in the third quarter. Deutsche Bank AG now owns 16,226 shares of the financial services provider’s stock valued at $483,000 after purchasing an additional 2,303 shares during the period. Rhumbline Advisers increased its stake in shares of National Bank by 0.3% during the third quarter. Rhumbline Advisers now owns 110,814 shares of the financial services provider’s stock worth $3,298,000 after acquiring an additional 331 shares during the period. Alps Advisors Inc. acquired a new position in shares of National Bank during the third quarter worth about $330,000. Endeavour Capital Advisors Inc. acquired a new position in shares of National Bank during the third quarter worth about $1,993,000. Finally, Kennedy Capital Management LLC increased its stake in shares of National Bank by 13.4% during the third quarter. Kennedy Capital Management LLC now owns 852,359 shares of the financial services provider’s stock worth $25,366,000 after acquiring an additional 100,765 shares during the period. 92.65% of the stock is currently owned by institutional investors and hedge funds.

National Bank Company Profile

National Bank Holdings Corporation operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States. It offers deposit products, including checking, savings, money market, and other deposit accounts, including fixed-rate and fixed maturity time deposits.